But what many hoteliers forget is that an increase in occupancy is great, but if an increase in occupancy is paired with a decrease in RevPAR or ADR, then you’re just taking money out of your own pocket.
Even when trying to sell last-minute inventory, it is important to focus on increasing occupancy, while either maintaining or increasing your RevPAR and ADR. Easier said than done, right? We’ve heard it all before: discounting rates doesn’t work. So what can you do?
OTAs Gone Mobile
As you probably expected, I am going to recommend that you use the OTAs to sell this last-minute inventory and with good reason. Stats show that the online booking window is diminishing drastically as more consumers book their trips at thelast-minute, sometimes even from the sidewalks outside a property.
But as well as adding inventory to sites with a presence online, it is important to consider mobile booking channels, such as OTAs with mobile websites or smartphone apps. Bill Keen, Director of Product Development at International Hotels Group (IHG), said: “Our statistics show that roughly 70 percent of mobile web bookings are same day compared to 11 percent via the web.”[i] As consumers continue to embrace the smartphone – and it’s built-in GPS, which makes it easy for travelers to find hotels based on proximity, last-minute mobile bookings will only become more commonplace.
Obviously, mobile bookings present a great opportunity to move your last-minute inventory, even on the same day if necessary, because you are giving consumers the ability to book how and when it is convenient for them. And of course, don’t forget to price your rooms competitively to get the best possible results from the mobile channel.
Leverage your Social Networks
Over the past few years, hotels have invested a great deal of time and resources into growing their follower base on social media sites, making social media an ideal way to move last-minute inventory. Because social media messages need to beshort and sweet, and because you have the opportunity to reach such a high number of people at once, social media can be very effective.
Keep in mind though: with last-minute travel, you may not be able to attract peoplefrom further than a few hours away from your destination so always keep thedemographic of your followers in mind when planning which profiles to use and what to offer.
Social media is best used with at least a few days lead-time, giving you the opportunity to post multiple times to ensure the greatest exposure and highest number of bookings possible. Your message can offer a coupon code with a discount off of their stay for the specific days that you’re looking to sell or if you aren’t able to offer a discount, then consider offering a package deal with value-adds - like free spa packages or champagne - or even tickets to local attractions. And don’t forget your neighbors. Staycations have become very popular so make sure that you appeal to local followers who may be interested in a last-minute vacation in their own city.
In need of some inspiration on how social media can be used to move inventory? Check out Joie de Vivre’s Facebook and Twitter profiles. The California-based boutique hotel chain has been verysuccessful in using social media to offer exclusive deals to their followers; since launching, they have already booked more than 1,000 rooms through their profiles – ones that otherwise would have stayed empty.
Read More, Original Article: 4Hoteliers